Dairy Blends Market Size, Share, Trends, Growth and Forecast 2032

Global Dairy Blends Market Insights

According to Zion Market Research, the global Global Dairy Blends Market was worth USD 2.87 Billion in 2023. The market is forecast to reach USD 6.16 Billion by 2032, growing at a compound annual growth rate (CAGR) of 7.9% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Global Dairy Blends Market industry over the next decade.

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Market Overview

Dairy blends are dairy products made by blending or combining two different types of dairy mixes, such as concentrated cream or butter with vegetable oils. Dairy blends are chosen over dairy products because of their benefits, which include low cost, ease of spreading, and several health benefits. Depending on the materials used for blending, such as sugar, salt, vegetable oil, and tastes, various dairy mixes can be created. By mixing a source of protein with the dairy products, it can also give nutritious value to customers. Butter with cocoa powder, butter oils with vegetable fats, and butter with sugar are just a few examples of dairy mixes.

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COVID-19 Impact Analysis

The global epidemic of COVID 19 has had a negative impact on people's routine daily activities. As a result of the worldwide epidemic, people are dealing with both financial and health concerns. The economy has been pushed into a forced recession as a result of this predicament. Due to the lockdown period and the post-lockdown period, the majority of the dairy blends market's production units were shut down, resulting in a significant drop in sales and profit margins.

During the anticipated timeframe, the dairy blends market is predicted to recover from the worldwide pandemic crisis by the end of the second quarter of the following year.

 Growth Factors

One of the major growth drivers for the Global Dairy Blends Market is the the Trend of Health Consciousness. Due to changes in social and economic trends, as well as increases in urbanisation, purchasing power, and awareness about healthy foods, changes in meal patterns and current eating habits, and the desire to try new products, demand for dairy blend products is expanding at a quicker rate. They are gaining a lot of traction, notably among the working class, teenagers, and bachelors, among others. The dairy mix market is being driven by healthy options such as dairy snacks, which are handy to take on-the-go and are also nutrition packed, offering vitamins, minerals, and energy to power the body.

Another factor for the growth in this market is it is cost effective. Dairy blends are naturally cost-effective, which is a significant driving element in the industry. When compared to margarine and butter, it has a lower fat content. The cost of importing dairy products is expensive, while the cost of dairy mixes is far cheaper. Dairy blends are also utilized in other components including vegetable fats, butter, sugar, dextrin, and cocoa powder; therefore the worldwide dairy blends market is predicted to increase. When compared to dairy proteins, many soy proteins are particularly cost-effective. As a result, different dairy producers use dairy blends with soy or other proteins to improve product flavor. This is expected to help the worldwide market flourish.

Global Dairy Blends Market: Report Scope

Form Segment Analysis Preview

The most common type of dairy mix is powdered dairy mix. The powder form is commonly used in the production of baby food and newborn formula. It's also used in ice cream and yoghurt as a sweetener and stabilizer. Due to its dry form, it is also easier to store and has a longer shelf life. Because the powder is often manufactured by spray-drying milk, it has all of the nutritional benefits of conventional cow's milk. These reasons are expected to propel the industry forward. The fact that it is a low-fat alternative to butter and margarine, making it healthier to consume, is a crucial element contributing to its rise.

Application Segment Analysis Preview

In 2020, bakery items accounted for 36 % of all sales. Both powder and spreadable mixtures are used to make bread and cakes. Many cake toppers are created by combining various tastes in these mixtures. Due to tremendous innovation in the creation of bakery items to meet the need of the health-conscious population, these blends serve as great replacement for traditional milk and butter. Furthermore, producers provide customized dairy mixes with varied nutritional contents based on the preferences of the user. The demand for bakery items is expected to rise as a result of this.

The dairy blend is used in ice cream as a replacement for skimmed milk. It acts as an ice cream sweetener and stabilizer, improving the consistency and flavor of the finished product. Additionally, enhanced product exposure of powdered mixes has expanded their use in home-made ice creams. During the projection period, this is likely to drive the segment's growth at a steady pace.

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Regional Analysis Preview

Asia Pacific has the highest market share with 12.1% CAGR. China accounted for the bulk of demand for dairy blends, owing to the country's high birth rate, which drove demand for baby food and infant formula. In addition, Australia and New Zealand are important world producers of dairy products. Furthermore, when compared to alternatives such as milk and butter, dairy blends are less expensive, easier to store, and have a longer shelf life. During the projected period, this is expected to boost the market for dairy blends.

In 2020, North America had the second-largest market share. The market is being driven by rising dairy product consumption in this area. The market, however, is not likely to increase considerably because to FAO's strict rules on these items. Furthermore, the emergence of dairy substitutes such as soy-based goods and drinks in North America and Europe is likely to stifle market development.

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Key Market Players & Competitive Landscape

Some of key players in Global Dairy Blends Market are

• All American Foods
• Hormel Specialty Products
• Anchor
• Lactopur
• Advanced Food Products
• Friesland Campina
• Landell Mills-sure
• Abbott Nutrition.
• Cargill
• VIV Buisman
• Agropur Ingredients
• Pacificblends
• Cape Food Ingredients
• SPX Flow
• Bakels Edible Oils

The global market is fragmenting as people become more knowledgeable of how to utilise items and how cost-effective they are. Many big players, including as Fonterra, Kerry, Agropur, and Döhler, are developing new mixes and raising awareness through appealing packaging. Another trend that large manufacturers are following is to fortify mixes to increase their nutritional value. During the projected period, this is projected to boost market growth.

The Global Dairy Blends Market is segmented as follows:

By Application

• Ice Cream
• Infant Formula
• Bakery Products
• Others

By Form

• Spreadable
• Liquid
• Powder

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa